The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-16
General and miscellaneous.

George Gould says that all that worries him
about the Missouri Pacific road is how TO fur
nish cars to handle the business.
On Thursday last the Chicago, Milwaukee &
st. Paul road handled on its system 3, 100 loaded
cars, exceeding all former records by 200 cars.
George Pullman and others interested in tn 3
Pullman car-works are South prospecting, with
a view of locating branch shops some South
point.
The Philadelphia & Reading, it is stated has
on hands cash assets amounting to 81. O00, 600,
and expects to increase the amount to $40, 000,-
900 before Jan. 1, 1888.
Nineteen Of the leading roads have made re-
ports of earnings for the first week in Novem-
Der, and all show handsome increase over
responding week of 1886 Especially with the
trunk lines remarkable increase in earnings
shown.
p D. Armour is taking a good dealof interest,
it is stated, in the Southern roads He is said
to be behind the Orange belt railway. which be-
gins at Monroe Fla, runs westward to the gulf
and skirts along the coast to Point Pinellas, q
distance of $50 miles.
There have been numerous conferences of late
between officials of the Northern Pacific and the
Wisconsin Central. The roads are very closely
allied, and it is believed that arrangements have
been made whereby the bulk of the Northern
Paciic's traffic will be from ST. Paul and
Ashland to Chicago over the Wisconsin Central.
The A, T. & S. F. Company's equipment
consists of 800 locomotives. SO frst-class
coaches. chair cars official cars pay cars.
halfinterest in 50 Pullman cars, so emigrant
r
box cars, PSI fruit 947 stock cars. 2576 coal
cars, $50 fat cars and 1913 combination cabooses
The average rate per mile for through passen-
gers is I74c; for local passengers, ?. Sic. Tho
road has s, 1856 employees. The average wages to
laborers is 81 40 per day.
Tho syndicate composed of twelve Eastern
capitalists, which was formed for the purpose Of
building large steel tubular car-works and
rairoad-supply mandatory, have secured site
Pittsburg. Pa. The capital stock, it is 81
timated, will be about $5,000,0 00 Among the
prominent members of the syndicate are
George B. Kendall, of Massachusetts, and
Charles A. Arne, of Boston. The speciality is
railroad supplies freight and passenger cars.
From 1000 to 1000 men will be employed.
The decision of the Interstate-commerce Com
mission forbidding the Northern Pacific railroad
selling tickets to landseekers at reduced rates is
considered an act of oppression in Portland.
Ore. Said railroad These reduced
rates have been extended TO land seekers by the
company, and have resulted in the sale of large
tracts of land, and the settlement of the coun-
try along it's line. Particularly is this the case
in Washington Territory. The decision works
a hardship the intending settler not on the
company. which can stand the increased reve-
nue."
An Eastern financial paper publishes compar-
alive operations of English and American rail
ways. An analysis of the statement. affords
some striking contrasts. The capital stock of
the English roads is five times great per mile
this side of the waters the debt much less
comparatively. While the American roads paid
a higher per cent. on their Indebtedness, the
English roads. Notwithstanding their heavy cap
italization. paid double the dividends that were
declared in this country, making shares in
English railroads about equal in value to their
bonds, while here the average value is less than
half that of bonds. A great difference is OBJ
served in the relative Importance of freight and
passenger traffic. In Great Britain the number
of passengers exceeds the tonnage almost three
fold here 1t is less than the tonnage. There
passenger earnings are SO per cent of total earn
ings, here less than "a per cent.